Worldwide Shock at British Decision to Leave EU

Thursday saw a small rally in financial markets, as final polling on the Brexit referendum had many confident that Britain would choose to remain in the European Union. When the votes were counted, however, the British were squarely on the “leave” side of things, a fact which quickly stirred shock around the world.

Financial markets around the world plummeted on Friday, with the price of gold and silver rising on a flight to safety, as everything else, particularly global banks, took a beating over feats of what the Brexit will actually mean to the future of Europe. $2 trillion were lost over the course of the first day.

There’s a lot of uncertainty as to what comes next, with British Prime Minister David Cameron announcing his planned resignation, his presumptive successor Boris Johnson saying he sees no rush, but EU officials suggesting they want the break to be as quick as possible.

The withdrawal of Britain from the European Union is particularly important on two fronts, as it potentially dramatically changes the future of the rest of the EU, with several nations now expected to hold similar referenda. Similarly, the future of the United Kingdom is itself unclear, with Scotland and Northern Ireland potentially withdrawing from the UK to retain ties with the EU.

EU President Donald Tusk had warned ahead of the vote that a Brexit could mean “the end of Western civilization,” and while that seems to be ridiculously overstating the matter, it’s clear no one really knows the direction Europe is taking now, and that scares a lot of people.

Now, whether it’s the future of military ties across the continent, or something as simple as how it might change international banking, there are no clear answers, and a lot of speculation, which is likely to loom large over the foreseeable future.

10 thoughts on “Worldwide Shock at British Decision to Leave EU”

Why is the world ‘in shock’ over this? Everyone has known it was heading for a vote, and there obviously had to be enough support for it to even get to a voting stage- so why all the manufactured ‘shock’ in the media? Someone was bound to be the first to go, and the citizens of Britain took charge of their own destiny again. Stow the fake surprise, Europe, and get ready for the next round of nations to call it quits and cut their losses.

Jun 20, 2016 – These British voters tell us why they want their country to leave the European Union

Britain will hold a referendum this Thursday on whether the country will remain in the European Union, or become the first nation to leave it. The nation is split on its vote, and in the run-up to voting day, opinion polls remain close.

The UK is poised to vote on Brexit next week, deciding for the first time since 1975 whether to leave the European Union. The Brexit vote mirrors populist, nationalist, and anti-globalist trends around the world, and if successful it raises serious questions about the viability of the Euro itself. The whole world is watching, and markets are nervous: rarely is globalism so directly challenged.

I for one am surprised. After the moronic Scotland vote I didn’t think any of the people in that region had any sense. Plus, when was the last time, the establishment lost? It remains to be seen though how the establishment will turn this loss into a victory for them while punishing the Brits for their audacity in rejecting the establishments orders.

In two or three years we may see Britain described in terms we have become used to hear used about Syria, or Iraq: “a poorly-integrated collection of ethnic groups whose enmities go back centuries, where the peace was only maintained by a firm hand from the center, now unleashed to settle old scores.”

Scots against English; Welsh against English; Cornishmen, Northerners, Londoners; and Irish against each other.

Boris will not be able to command a majority in Parliament to follow him. They’re not going to follow this man.

Britain as a failed state: what could be more failed than a country that has a referendum on separation, and then can’t agree on a leader to carry it out?